BEL Technical Analysis

9 Kas

BEL is a navratna public sector company, took support from 200 day EMA, Now is trying to sustain above 50 day EMA, Daily & Weekly chart flagpattern brekout, further reinforcing this area as a significant foundation for price stability (price range 270 to 290). Additionaly a previous resistence level has now truned into strong support.likelyhood upward move. Indicate a bullish move could be anticipated if buying pressure.